10k to 1M trading challenge

Hello,

in this thread I want to document the trades I'm doing. I trade mostly technical long term. For trends I look into the weekly and daily chart, for entries into the 4h to 1h charts. Support and resistance, candle stick patterns, divergences, all that stuff.

Hope it doesn't get too boring. Started today with CHF 10k. Oh and the title is meant to be funny, let's see. No need to rush things.



I'm on twitter as well where I post my trades real time: https://twitter.com/KnitterFX

No need to follow me there, it's just optional if you want to follow in almost real time.

First trade was USD/CAD long today.

First I look at the daily/weekly chart:



The price is above the SMA 200, so we are in a long trend. There is some tested support line.

Then I switched to the 4h chart to look for an entry:



The stop is set below the local lows. I trail that stop on the daily chart then but don't set a TP.

First of all, not a nay sayer here.

Second, very good luck, because you will need lots of that .

Third, Unrealistic goal creates Intolerable stress.

Fourth, I am following. Would love to see your trades and analysis.

Over and Out.

Thank you!

Putting all stops to BE.

Have 4 positions open:
AUD/JPY short at 70.771
EUR/USD short at 1.09822
Germany 30 (DAX) short at 11116.4
USD/CAD long at 1.39277

Quite good! 6% return came in pretty quick.
Good analysis.
I was in EurUsd short and UsdCad long positions. Already took profit and closed.

Regards.

Missed some entry on Oil short. Looking for a re-entry now



4h chart: Placing stop sell below the inside bar, divergence on MACD:

Trailing stops:
USD/CAD: SL 1.3940
EUR/USD: SL 1.0956

For trailing I use now the 4h chart (sometimes the daily). I just the highest high/lowest low from the last two candles. Will post a chart later to make that more clear.

I´m excited to see how far you can go. I have also started such challenge from $500 my goal is to get it to 10K in 12 months , then 100K then 1M
good luck to your challenge

Thank you and good luck!

Handling 10k is still easy. If (and that's a big IF) I get higher this could become tricky.

Germany 30 (DAX) got stopped out at BE.

Trailing stops:
USD/CAD: SL 1.3993
EUR/USD: SL 1.0937
AUD/JPY: SL 70.36

Closed all open positions. Don't want to hold that stuff over the weekend. Have a nice one!

Good morning, wish you all a fantastic week!

Added some new positions this morning:
Short AUD/JPY at 70.286, SL 70.63
Short BCO/USD was filled as well at 34.34 with SL at 35.60
Long USD/CAD at 1.39951, SL 1.3974
Short Germany 30 (DAX) at 11208.4, SL 11260.0
Removed stop buy for Bund long and entered Bund long market at 173.521, SL 173.34

Tried some scalping the last two days but oh well, that doesn't work good for me.

Taking some deep breath, closed out everything and will do much much lower leverage and longer term trading.

Always trade the way that fits ones personality...